Innovex International (INVX) Gross Margin (2009 - 2026)
Innovex International (INVX) posted Gross Margin of 35.35% for Q1 2026, up 22.27% on a QoQ basis from 28.92% in Q4 2025, and up 353.0% year-over-year from 7.8% in Q1 2025.
Innovex International (INVX) Gross Margin (2009 - 2026) Analysis & Trends
Innovex International's Gross Margin history runs 18 years deep, the most recent figure standing at 35.35% for Q1 2026.
- Quarterly Gross Margin rose 353.0% year-over-year to 35.35% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 31.87% (down 177.0% YoY) and the FY2025 annual result came in at 31.0%, down 420.0% from the prior year.
- Gross Margin was 35.35% for Q1 2026 at Innovex International, up from 28.92% in the prior quarter.
- Across five years, Gross Margin topped out at 45.67% in Q4 2022 and bottomed at 23.02% in Q1 2022.
- A 5-year average of 32.28% and a median of 31.98% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin jumped 7051 bps — and 2023, when it plunged 930 bps.
- Innovex International's Gross Margin stood at 45.67% in 2022, then slipped by 20 bps to 36.38% in 2023, then dropped by 7 bps to 33.85% in 2024, then retreated by 15 bps to 28.92% in 2025, then gained by 22 bps to 35.35% in 2026.
- Business Quant data shows INVX's Gross Margin at 35.35% in Q1 2026, 28.92% in Q4 2025, and 31.64% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 78.08 Bn | 74.69 Bn | 5.38 Bn | 61.69% |
| 2 | Tenaris | 58.18 Bn | 46.31 Bn | 1.05 Bn | 33.87% |
| 3 | TechnipFMC | 30.64 Bn | 29.36 Bn | 1.64 Bn | 65.69% |
| 4 | Halliburton | 27.87 Bn | 25.86 Bn | 2.04 Bn | 37.69% |
| 5 | Nov | 7.48 Bn | 6.14 Bn | 379.00 Mn | 18.47% |
| 6 | Weatherford International | 6.35 Bn | 5.21 Bn | 776.00 Mn | 70.23% |
| 7 | Archrock | 6.34 Bn | 6.34 Bn | 247.42 Mn | 66.20% |
| 8 | Oceaneering International | 5.28 Bn | 4.67 Bn | 127.27 Mn | 18.38% |
| 9 | Kodiak Gas Services | 5.09 Bn | 4.99 Bn | 222.88 Mn | 64.46% |
| 10 | Innovex International | 1.85 Bn | 1.64 Bn | 84.51 Mn | 35.35% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 35.35% |
| Dec 31, 2025 | 28.92% |
| Sep 30, 2025 | 31.64% |
| Jun 30, 2025 | 31.98% |
| Mar 31, 2025 | 31.82% |
| Dec 31, 2024 | 33.85% |
| Sep 30, 2024 | 34.70% |
| Jun 30, 2024 | 35.30% |
| Mar 31, 2024 | 38.35% |
| Dec 31, 2023 | 36.38% |
| Sep 30, 2023 | 35.88% |
| Jun 30, 2023 | 26.67% |
| Mar 31, 2023 | 27.91% |
| Dec 31, 2022 | 45.67% |
| Sep 30, 2022 | 25.45% |
| Jun 30, 2022 | 25.87% |
| Mar 31, 2022 | 23.02% |
| Dec 31, 2021 | -24.84% |
| Sep 30, 2021 | 14.14% |
| Jun 30, 2021 | 16.15% |